Equinix price target lowered to $925 from $1,065 at Wells Fargo

Wells Fargo lowered the firm’s price target on Equinix (EQIX) to $925 from $1,065 and keeps an Overweight rating on the shares. Equinix’s adjusted funds from operations guidance disappointed relative to expectations, and while higher capex should drive long-term equity value, it creates a tougher near-term set-up, the analyst tells investors in a research note.